“With Semtech’s LoRa Technology, we were able to create simple, easy to deploy solutions which effectively monitor machine status from anywhere on a construction or mining site,” said Amit Rai, CEO at MachineMax. “Real-time data from the sensors is presented to site managers, offering tangible insight into their fleet’s efficiency. Managers can use this data to identify problem areas at their site, and work to reduce machine idling, reducing fuel waste and maintenance costs.”

Machine idling, where a machine’s engine is running but the machine is not actively in use, accounts for an estimated 37% of the time a construction or mining machine is operating on average. Idling results in an increased amount of fuel waste and machine wear, without creating productive machine output. Previously, monitoring the usage status of a mining or construction fleet was accomplished manually, with site managers continually checking on the use status of machines, an expensive and time consuming task. MachineMax developed a LoRa-based solution which can be easily deployed onto fleet machines in under a minute. The devices attach magnetically and gather real-time data on machine usage status, such as whether or not a machine is idle. With real-time data on when a machine is in use, site managers can make more efficient use of a machine’s time to prevent idling, reducing the amount of fuel used and prolonging machine life.

“LoRa Technology enables the capacity to track data and diagnostics across entire fleets, making it the ideal IoT technology for MachineMax’s solutions,” said Marc Pegulu, Vice President of IoT for Semtech’s Wireless and Sensing Products Group. “MachineMax’s sensors easily deploy in less than a minute, requiring no external power source or additional infrastructure. LoRa-based devices offer real-time and reliable data communication, allowing the end users to analyze their usage trends and make the changes necessary to save money.”

About Semtech’s LoRa® Devices and Wireless RF Technology

Semtech’s LoRa devices and wireless radio frequency technology is a widely adopted long-range, low-power solution for IoT that gives telecom companies, IoT application makers and system integrators the feature set necessary to deploy low-cost, interoperable IoT networks, gateways, sensors, module products, and IoT services worldwide. IoT networks based on the LoRaWAN® specification have been deployed in 100 countries and Semtech is a founding member of the LoRa Alliance™, the fastest growing IoT Alliance for Low Power Wide Area Network applications. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.

About MachineMax

MachineMax is a revolutionary telematics solution for maximizing the profitability of off-highway fleet. It uses cutting edge Internet of things (IoT) technologies, cloud computing and machine learning to help construction and mining companies cut fuel, maintenance and rental costs, reduce carbon emissions and improve site's productivity. MachineMax is compatible with all makes and models, regardless of the machine's age and works on rented and owned equipment. Installation takes less than a minute thanks to a unique wireless design. It is IP68 rated and built to stand the harshest conditions; wherever you are. Backed by industry heavy-weights including Royal Dutch Shell, Boston Consulting Group and B Capital, MachineMax is UK-based but serves customers worldwide. To learn more or organize a free demo, visit: https://www.machinemax.com/.

About Semtech

Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for high-end consumer, enterprise computing, communications, and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “can be,” “designed to,” or other similar words or expressions, that describe Semtech Corporation’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in Semtech Corporation’s annual and quarterly reports, and in other documents or reports, filed with the Securities and Exchange Commission (www.sec.gov) including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” Semtech Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

Semtech, the Semtech logo, LoRa and LoRaWAN are registered trademarks or service marks of Semtech Corporation or its affiliates.